Curbline Properties (CURB) CEO gifts 252,000 shares via family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curbline Properties Corp. President & CEO David R. Lukes reported several bona fide gifts of common stock made through family trusts on May 11, 2026. The filing shows four gift transactions totaling 252,000 shares of common stock at a stated price of $0.0000 per share, indicating non-market, no‑consideration transfers.
The gifted shares were held indirectly through the Elizabeth G Lukes 2025 Revocable Trust and three 2025 Irrevocable Trusts for the Lukes children. After these transactions, Lukes’ direct ownership stands at 506,597 shares of common stock, while each child’s trust reflects 42,000 shares indirectly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
252,000 shares gifted
Mixed
5 txns
Insider
Lukes David R
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 126,000 | $0.00 | -- |
| Gift | Common Stock | 42,000 | $0.00 | -- |
| Gift | Common Stock | 42,000 | $0.00 | -- |
| Gift | Common Stock | 42,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Spouse in The Elizabeth G Lukes 2025 Revocable Trust U/A dtd 08/07/2025);
Common Stock — 506,597 shares (Direct, null)
Footnotes (1)
- Gift by the Elizabeth G Lukes 2025 Revocable Trust U/A dtd 08/07/2025. Reflects indirect ownership of gifted securities by the Katherine Kensett Lukes 2025 Irrevocable Trust U/A dtd 08/07/2025, where Mr. Lukes' spouse is the settlor, Mr. Lukes is the trustee and Mr. Lukes' child is the beneficiary of such trust. Reflects indirect ownership of gifted securities by the Jacqueline Lukes 2025 Irrevocable Trust U/A dtd 08/07/2025, where Mr. Lukes' spouse is the settlor, Mr. Lukes is the trustee and Mr. Lukes' child is the beneficiary of such trust. Reflects indirect ownership of gifted securities by the Sarah Lukes 2025 Irrevocable Trust U/A dtd 08/07/2025, where Mr. Lukes' spouse is the settlor, Mr. Lukes is the trustee and Mr. Lukes' child is the beneficiary of such trust.
Key Figures
Total gifted shares: 252,000 shares
Direct shares after transaction: 506,597 shares
Child trust holdings: 42,000 shares each
+2 more
5 metrics
Total gifted shares
252,000 shares
Bona fide gifts of common stock on May 11, 2026
Direct shares after transaction
506,597 shares
Direct ownership of David R. Lukes following reported gifts
Child trust holdings
42,000 shares each
Indirect ownership in each of three 2025 Irrevocable Trusts
Gift price per share
$0.0000 per share
Reported transaction price for gifted common stock
Gift transactions count
4 gifts
Number of bona fide gift transactions coded G
Key Terms
bona fide gift, irrevocable trust, revocable trust, indirect ownership
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable trust financial
"Katherine Kensett Lukes 2025 Irrevocable Trust U/A dtd 08/07/2025"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
revocable trust financial
"The Elizabeth G Lukes 2025 Revocable Trust U/A dtd 08/07/2025"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"Reflects indirect ownership of gifted securities by the ... 2025 Irrevocable Trust"
FAQ
What insider transaction did CURB CEO David R. Lukes report?
David R. Lukes reported bona fide gifts of Curbline Properties common stock. The Form 4 shows four gift transactions totaling 252,000 shares, made at a stated price of $0.0000 per share through family-related trusts rather than open-market trades.
Were the CURB insider transactions open-market sales or gifts?
The transactions were reported as bona fide gifts, not open‑market sales. Each is coded “G” on Form 4, with a transaction price per share of $0.0000, and described as gift transfers through family trusts for estate and family-planning purposes.